As the demand continues to rise for precious minerals, many world powers are scrambling to invest and secure valuable trade agreements with major mineral deposits around the world. China has been leading and winning the race by investing billions of dollars for over 25 years.
Major Chinese Investment Abroad For Minerals (Africa)
Due to the continually rising demand for precious minerals, many world powers are scrambling to invest and secure valuable trade agreements at major mineral deposit sites around the world. At the forefront of this race, China has been investing billions of dollars into foreign economies, especially on the African continent, to secure the mineral rights to mine Africa’s natural resources like lithium, cobalt, nickel, manganese, graphite, and iron. According to the foreign policy research institute (fpri) “Between 2001 and 2018, China loaned approximately $126 billion to African countries. Between 2001 and 2018, China invested $41 billion in FDI.” These steps taken by China to place itself at the front of the pack in terms of foreign mineral investment has placed them in a unique place of power for the coming years. The need for rare minerals such as cobalt, lithium, manganese, etc… will make their investments, such as the $6 billion cobalt mining contract (see Bloomberg) signed in 2008 with the Democratic Republic of the Congo (DRC) all the more lucrative and very strategic for China
China Holds A Stranglehold On The World's Mineral Supply
China's position on the mineral world stage will allow them to dominate the EV and lithium-ion battery world now and in the near future. CSIS (Center for Strategic and International Studies) states that “From 2008 to 2018, China exported nearly 408,000 metric tons of rare earths, which amounted to 42.3 percent of all rare earth exports over this period.” The United States pales in comparison, supplying only 9.3 percent of the global total. CSIS also says that “As of 2018, the US still imported…
This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.
We are an award-winning platform that caters to small businesses, content creators, and resellers, offering them the opportunity to enhance their content’s reach through its robust ecosystem. Businesses can submit press releases, share their personal or business brand’s narrative, announce new products, and leverage social media for broader distribution. We help expand your reach & assist you accurately gauge the effectiveness of your public relations efforts that fortifies your brand identity.